Maxim Group set a $3.00 price target on EVINE Live Inc. (NASDAQ:EVLV) in a research note released on Monday, May 15th. The firm currently has a buy rating on the stock.

EVLV has been the topic of several other reports. Zacks Investment Research downgraded shares of EVINE Live from a strong-buy rating to a hold rating in a research note on Friday, May 12th. B. Riley restated a buy rating and issued a $2.00 price target on shares of EVINE Live in a research note on Thursday, March 16th.

EVINE Live (NASDAQ:EVLV) remained flat at $1.04 during mid-day trading on Monday. The company’s stock had a trading volume of 388,287 shares. The firm’s 50-day moving average price is $1.23 and its 200 day moving average price is $1.36. EVINE Live has a 52 week low of $1.01 and a 52 week high of $2.40. The firm’s market cap is $63.41 million.

EVINE Live (NASDAQ:EVLV) last issued its quarterly earnings data on Tuesday, May 23rd. The company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.01. The company had revenue of $156.30 million during the quarter, compared to the consensus estimate of $153.59 million. EVINE Live had a negative net margin of 1.07% and a negative return on equity of 7.89%. EVINE Live’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.09) earnings per share.

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In other EVINE Live news, SVP Jean-Guillaume Sabatier sold 28,713 shares of the firm’s stock in a transaction that occurred on Thursday, March 30th. The shares were sold at an average price of $1.30, for a total transaction of $37,326.90. Following the completion of the transaction, the senior vice president now owns 253,394 shares in the company, valued at approximately $329,412.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert Rosenblatt purchased 86,957 shares of the stock in a transaction on Tuesday, May 23rd. The shares were purchased at an average price of $1.15 per share, with a total value of $100,000.55. Following the acquisition, the chief executive officer now owns 1,135,884 shares in the company, valued at approximately $1,306,266.60. The disclosure for this purchase can be found here. 4.15% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Miracle Mile Advisors LLC bought a new stake in shares of EVINE Live during the third quarter valued at approximately $298,000. Clinton Group Inc. increased its stake in shares of EVINE Live by 19.1% in the third quarter. Clinton Group Inc. now owns 1,907,642 shares of the company’s stock valued at $4,369,000 after buying an additional 306,396 shares during the period. Whalerock Point Partners LLC bought a new stake in shares of EVINE Live during the third quarter valued at approximately $106,000. Russell Investments Group Ltd. bought a new stake in shares of EVINE Live during the fourth quarter valued at approximately $1,404,000. Finally, Oxford Asset Management acquired a new stake in EVINE Live during the fourth quarter valued at about $112,000. 41.90% of the stock is owned by institutional investors.

EVINE Live Company Profile

EVINE Live Inc is a digital commerce company. The Company operates through the digital commerce retailing segment. The Company offers a mix of brands directly to consumers in an engaging and informative shopping experience through television (TV), online and mobile devices. It operates an around the clock television shopping network, EVINE Live, which is distributed primarily on cable and satellite systems, through which the Company offers brand products in the categories of jewelry and watches, home and consumer electronics, beauty, and fashion and accessories.

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